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Union budget increases strategic Pakul Dul hydropower project' allocation by 61.25%


Union budget increases strategic Pakul Dul hydropower project’ allocation by 61.25%
India wants to expedite establishment of important hydropower projects in Jammu and Kashmir post its reorganization
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New Delhi: With an eye on Pakistan, finance minister Nirmala Sitharaman on Monday increased the budgetary allocation of strategically important Pakul Dul hydropower project on Marusudar river, a tributary of Chenab by 61.25% to ₹602.53 crore for the next financial year.
The government plans to expedite the construction of the 1,000 megawatts (MW) project, which will be the first storage hydropower project in Jammu and Kashmir.
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Electronics sector seeks tax relief amid rising input costs


Electronics sector seeks tax relief amid rising input costs
TV makers are hoping for a tax cut. Now, 18% GST is charged for TVs up to 32 inches, and 28% for those above 32 inches. ISTOCKPremium
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The electronics industry is expecting finance minister Nirmala Sitharaman to either extend the benefits under the remission of duties and taxes on exported products (RoDTEP) scheme to the sector or announce a cut in goods and services tax in her Budget speech on 1 February.
The government launched the RoDTEP scheme, replacing the Merchandise Exports from India Scheme, which violated global trade norms. It offers refunds on embedded central, state and local duties or taxes to an exporter. ....

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India, Pakistan, China must stop thinking of weaponising water


updated: Dec 11 2020, 00:28 ist
Why should the Union Jal Shakti Minister Gajendra Singh Shekhawat be stoking an old controversy by saying that the Indian government was planning to stop water supplies to Pakistan from the three eastern rivers allocated to India under the Indus Water Treaty?
The ostensible reason for wanting to stop these waters is Pakistan’s refusal to end state-sponsored terrorism. But a statement such as this serves no purpose except to exacerbate an already difficult relationship, given that India is not in a position to fully utilise the waters of the three eastern rivers, namely the Ravi, Beas and Sutlej.  ....

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